# Regular daily update on BTC ta analysts opinions.

![Bildschirmfoto 2018-03-11 um 11.14.53.png](https://steemitimages.com/DQmNkugNo8vvMEgrqg9ZgKenH5A9dSEEsq8XNK8hD6CGzU4/Bildschirmfoto%202018-03-11%20um%2011.14.53.png)



## **My summary - short-term sentiment:  slightly bearish ** (last: bearish)
![bears.jpeg](https://steemitimages.com/DQmZ92DGrAbcCiJQUjCQWvezyPBrmPdS9DdknRpTWMnDoq3/bears.jpeg)
- The 7'925 is holding so far
- If we break (daily close) above 8'400 we probably going back up (8'700+).
- If we fall below 8'000 again we provably see 7'700 area tested.


- May is usually a strong month. Lets see how it plays out in 2018.
![IMAGE 2018-04-08 20:14:56.jpg](https://steemitimages.com/DQmUMkHYsrTnr6C2RtgKPL3KZTHbLA4QRNSA3ftFWhqDYTo/IMAGE%202018-04-08%2020%3A14%3A56.jpg)


## **News about the blog**
- I need to revise my 2018 long term table. I need to add a 2018 and 2019 target an be more precise on the sentiment here. Will do that after I am back in Switzerland.

- We lunched the bounty project beta. If you are interested and you like to create a bounty on your own have a look [at this post](https://steemit.com/bounty/@steem-bounty/how-to-create-a-bounty)


## **Analysts key statements:**
### Tone:
![nonews.jpg](https://steemitimages.com/DQmW7s2XQyYwfPqVkG9KETUre5qNPNy4MBRVpQYgRVAXbNL/nonews.jpg)
- Weekly: Looks very similar to 2014 - we have not been able to get back up over the MA 30.
- Daily: Has a decent day but still below MA 7 and 30.
- 12h: He expects bounce to 8'400 and than accelerating to the downside.
![Bildschirmfoto 2018-05-19 um 15.44.38.png](https://steemitimages.com/DQmYKz9PMRFvBhsWKLvwMpyuBsXjvcCJHwqgFyBH3zkhMsy/Bildschirmfoto%202018-05-19%20um%2015.44.38.png)


###  @haejin:
Bitcoin (BTC) has broken out of the smaller downward wedge pattern. However, price has not reached the 0.618 Fib level (blue circle). It's a bit unusual for the correction to end like this, so likely, a lower low is still to be expected. 
![Bildschirmfoto 2018-05-20 um 11.39.02.png](https://steemitimages.com/DQmSoTNs7K5SjL5QZjBZFkroCUGYzhGsmUxQEDVpo733BY4/Bildschirmfoto%202018-05-20%20um%2011.39.02.png)
The smaller wedge as shown in the first chart fits into this larger one. The red ABCDE waves have been labeled and E is still calling for the mid 7'600. There can always be a D wave breakout though.
![Bildschirmfoto 2018-05-20 um 11.39.12.png](https://steemitimages.com/DQmWA5B1W7btVANcmDxAPzWh1QaXiVPr7sWJ7wvTNeojeL1/Bildschirmfoto%202018-05-20%20um%2011.39.12.png)

###  @ew-and-patterns:
![nonews.jpg](https://steemitimages.com/DQmW7s2XQyYwfPqVkG9KETUre5qNPNy4MBRVpQYgRVAXbNL/nonews.jpg)
Finally BTC has shown what the correction will look like. There are two ways to label this, but the result is absolutely 100% the same, so it doesn't matter much. It is either ABCDE or just ABC as a 3-3-5 flat correction.
![Bildschirmfoto 2018-05-18 um 08.44.57.png](https://steemitimages.com/DQmVY2VPeNTDzzp1Wj3QH3GBqW6R7w7h2era24dSEZR34gJ/Bildschirmfoto%202018-05-18%20um%2008.44.57.png)
Now the target will likely be 7'260 (78% correction target for a wave 2).
 At this point, there is a very high chance of an amazing rally starting off the bottom. BTC might rise 1'000 in only 1 hour. That's when you know that the correction is over. That is the point in time that institutional investors have been waiting for months now. The time for FOMO will be soon.

###  @lordoftruth:
short term trend stands bearish unless breaching 50-day MA at 8'400 and holding above it. Positive news for the short term, the 5 and 10-day MA changed direction and bitcoin price is close to exiting the recently developed downward channel, on Saturday. The reason why we will suggest short term slighty bullish trend.

Bitcoin price reached 7'925 ( 50% retracement) which marks its lowest level since April 18, and as we excpected the 7'925 hold and pushed the price to recover above 8'000.

Daily close above 8'400 will push the price towards the next station at 8'643 and daily close below 8'000 will move the price towards the long terms supports 7'614 - 7'770 area.
Todays trend is slightly bullish. Trading between 7'614 and 8'643.

###  @philakonesteemit: 
BTC finishes 5 beautiful waves and has retraced near the 0.382 region thus far. 
A break above 8'468 can build a rally to 8'750. A possible B could be in progress very soon, heading up to 8'426 at the 0.786 range before completing C to the indicated range below.
![Bildschirmfoto 2018-05-20 um 11.48.16.png](https://steemitimages.com/DQmT4NF6WqnvCvfpu5tw9KK2NNzStapKVWaDgheesi4r82h/Bildschirmfoto%202018-05-20%20um%2011.48.16.png)
![Bildschirmfoto 2018-05-20 um 11.48.22.png](https://steemitimages.com/DQmdSTHPnBaX3XSUPcf5QWiF3gd6JW5P8GwJWmCFgPzHiSW/Bildschirmfoto%202018-05-20%20um%2011.48.22.png)

###  @passion-ground: 
![nonews.jpg](https://steemitimages.com/DQmW7s2XQyYwfPqVkG9KETUre5qNPNy4MBRVpQYgRVAXbNL/nonews.jpg)
Although (basis the 4-hour chart) a bearish 5-wave impulsive decline off the recent 9'848 print high has manifested.From the current pullback low of 8'100, the 9'243 level (a .618 retracement thereof) becomes critical to observe.
If BTC is able to bullishly rally and “sustain” trade above 9'243 from here, it would then become highly likely that 8'100 would mark an interim low, and that we are on our way to riding a bullish 3rd wave up at the minute degree of trend.
If we get rejected instead would increase the likely hood of reaching the noted downside target of 7,966, or possibly lower before we mark the preferred bullish minute 2-wave down.
![Bildschirmfoto 2018-05-17 um 09.48.47.png](https://steemitimages.com/DQmXcdamf6EjvF2FAupiMtJEncJfHKY11JcTDwhVN1oWGWV/Bildschirmfoto%202018-05-17%20um%2009.48.47.png)

## Summary of targets/support/resistance
![Bildschirmfoto 2018-05-20 um 11.54.46.png](https://steemitimages.com/DQmQyf7QCZqEDAYLiKRgxuo5nciM78BRAbdjBqkQacLTWuN/Bildschirmfoto%202018-05-20%20um%2011.54.46.png)

![Bildschirmfoto 2018-05-11 um 21.10.28.png](https://steemitimages.com/DQmRwtnw6vWKbBSFnxR4R6cS4SFYPdS7Fz6YQRZHBjc4ZDK/Bildschirmfoto%202018-05-11%20um%2021.10.28.png)

## **Reference table**
analyst | latest content date | link to content for details
------------ | ------------- | ------------- 
[Tone Vays](https://twitter.com/tonevays?lang=en) | 18. May | [here](https://www.youtube.com/watch?v=0t0_av0YUFU)
[@haejin](https://steemit.com/@haejin) | 19. May | [here](https://steemit.com/bitcoin/@haejin/bitcoin-btc-morning-update-a-bigger-picture-shows-best)
[@ew-and-patterns](https://steemit.com/@ew-and-patterns) | 18. May | [here](https://steemit.com/btc/@ew-and-patterns/btc-morning-update-18-05-18)
[@lordoftruth](https://steemit.com/@lordoftruth) | 20. May | [here](https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-598-reversal-favorable-to-the-bulls)
[@philakonesteemit](https://steemit.com/@philakonesteemit) | 19. May | [here](https://steemit.com/bitcoin/@philakonesteemit/btc-bitcoin-afternoon-update-risk-to-reward-setups-supports-resistances-targets)
[@passion-ground](https://steemit.com/@passion-ground) | 17. May | [here](https://steemit.com/btc/@passion-ground/bitcoin-short-term-update-bias-and-key-statement-for-5-16-2018)


## **Definition**
- *light blue highlighted* = all content that changed since last update.
- *sentiment* = how in general the analysts see the current situation (bearish = lower prices more likely / bullish = higher prices more likely)
- *target* = the next (short term) price target an analysts mentions. This might be next day or in a few days. It might be that an analyst is bullish but sees a short term pull-back so giving nevertheless a lower (short term) target.
- *support/res(istance)* = Most significant support or resistances mentioned by the analysts. If those are breached a significant move to the upside or downside is expected.
- *bottom* =  -> now renamed and moved to long term table. Low 2018
- *low/top 2018* = what is the low or the top expected for 2018?



## **Further links for educational purposes:**

- From @ToneVays: [Learning trading](http://www.libertylifetrail.com/education/learntrading/)
- From @philakonecrypto: Like in every post you find links to his amazing educational videos. For example  [here](https://steemit.com/bitcoin/@philakonecrypto/bitcon-btc-march-1st-technical-analysis-evening-update-target-usd11-065-nailed-what-next)
- From @lordoftruth: [Fibonacci Retracement](https://steemit.com/bitcoin/@lordoftruth/fibonacci-retracement-in-trending-market)
- From @haejin: [Elliott Wave Counting Tutorial](https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-short-term-target-is-usd12-112-to-usd12-306)

*If you like me to add other analysts or add information please let me know in the comments.